SOURCE: Grand Pacaraima Gold Corporation

November 01, 2007 14:59 ET

Grand Pacaraima Gold Corporation Closing in on Income Producing Acquisitions

VERNON, BC--(Marketwire - November 1, 2007) - Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) announces it is reviewing a number of possible acquisition candidates in the gold and energy sectors.

Chairman .A. Abdoulladjanov made the remarks ahead of the company's general meeting of shareholders and in anticipation that a deal could be finalized and announced in early November.

A spokesperson for the company explained that achieving that goal will set the stage for expanding the company's natural resources, reserves and gain immediate revenues for our bottom line.

About Grand Pacaraima Gold Corporation

GPGD has interests in four gold mines in Venezuela that are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines indicating that they contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.

Forward-Looking Statements:

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further details contact:
    Investor relations:
    Ben Atia
    818-224-7117

    Nestor C. Buenaflor
    Mobile: +63-920-380-8766